| 1 | LPL Financial LLC | $5,188,400,000 | $2,766,008,000 | $100,100,000 | $4,470,740,342 |
| 2 | Cambridge Investment Research, Inc. | $906,665,662 | $509,612,090 | $1,862,175 | $860,066,326 |
| 3 | Equitable Advisors, LLC | $913,766,249 | $237,451,393 | $17,474,857 | $839,351,631 |
| 4 | United Planners Financial Services | $131,918,119 | $76,594,825 | $5,108,857 | $124,993,813 |
| 5 | KMS Financial Services, Inc. | $122,780,641 | $60,795,192 | $7,128,658 | $117,203,696 |
| 6 | Investacorp Inc. | $104,683,443 | $28,116,000 | $9,236,000 | $96,601,000 |
| 7 | Royal Alliance Associates Inc. | $603,933,811 | $255,654,198 | 0 | $82,882,692 |
| 8 | Lincoln Investment Planning, LLC | $336,840,000 | $199,932,000 | $18,420,000 | $79,102,299 |
| 9 | The O.N. Equity Sales Co. | $77,096,757 | $13,245,972 | $2,560,056 | $75,275,242 |
| 10 | Kovack Securities, Inc. | $79,347,000 | $35,746,560 | $2,250,000 | $74,655,600 |
| 11 | The Leaders Group | $72,532,054 | 0 | $407,996 | $71,114,992 |
| 12 | Avantax Investment Services, Inc. | $373,173,600 | $164,353,527 | $3,665,758 | $68,071,711 |
| 13 | Woodbury Financial Services | $373,562,068 | $97,583,809 | 0 | $61,341,896 |
| 14 | SagePoint Financial Inc. | $405,712,335 | $136,968,012 | 0 | $60,443,995 |
| 15 | The Investment Center Inc. | $56,702,206 | $23,788,089 | $932,000 | $54,847,473 |
| 16 | Harbour Investments Inc. | $54,914,000 | $24,080,000 | $367,000 | $54,000,000 |
| 17 | FSC Securities Corp. | $305,578,221 | $108,596,387 | 0 | $46,959,453 |
| 18 | Berthel Fisher & Co. Financial Services Inc. | $52,419,235 | $17,858,085 | $2,024,216 | $36,750,000 |
| 19 | American Portfolios Financial Services Inc. | $218,210,687 | $109,063,912 | $9,800,000 | $27,369,348 |
| 20 | Founders Financial | $29,136,901 | $22,144,045 | $1,016,096 | $27,233,750 |
| 21 | Arete Wealth | $30,085,805 | $10,362,588 | $275,000 | $26,318,330 |
| 22 | Transamerica Financial Advisors, Inc. | $109,330,863 | $16,805,778 | $10,203,306 | $25,992,515 |
| 23 | Ameritas Investment Company/Ameritas Advisory Services | $139,100,000 | $47,400,000 | $6,280,864 | $20,500,000 |
| 24 | CFD Investments Inc. | $31,198,973 | $12,685,490 | $519,669 | $18,486,216 |
| 25 | M Holdings Securities Inc. (M Securities) | $175,742,932 | $25,836,194 | $2,119,983 | $15,189,990 |
| 26 | Nationwide Planning Associates, Inc. | $19,049,094 | $4,443,440 | $508,606 | $14,606,165 |
| 27 | Prospera Financial Services Inc. | $54,156,438 | $26,514,253 | $7,696,516 | $14,603,953 |
| 28 | Arkadios Capital | $13,000,000 | $3,500,000 | $900,000 | $10,600,000 |
| 29 | J.W. Cole Financial Inc. | $121,435,444 | $40,715,794 | $4,490,243 | $9,789,324 |
| 30 | LaSalle St. Securities LLC | $40,833,000 | $8,000,000 | $2,000,000 | $4,000,000 |
| 31 | Securities Management and Research | $5,900,021 | $1,517,991 | $937,998 | $3,076,435 |
| 32 | Packerland Brokerage Services Inc. | $23,665,120 | $5,152,735 | $514,787 | $2,772,317 |
| 33 | Trutoro | $973,829 | $544,918 | $26,802 | $1,008,332 |
| 34 | Cetera Advisor Networks | $619,547,036 | $247,597,408 | 0 | 0 |
| 35 | Voya Financial Advisors Inc. | $458,805,517 | $170,595,490 | $48,736,249 | 0 |
| 36 | Summit Brokerage Services, Inc. | $152,766,802 | $48,553,908 | 0 | 0 |
| 37 | Waddell & Reed Financial Advisors | $522,793,569 | $259,863,842 | $56,859,000 | 0 |
| 38 | Independent Financial Group, LLC | $174,207,800 | $73,559,400 | 0 | 0 |
| 39 | Cetera Advisors | $367,399,446 | $164,802,162 | 0 | 0 |
| 40 | Centaurus Financial, Inc. | $155,849,550 | $41,403,277 | $16,935,781 | 0 |
| 41 | MML Investors Services, LLC | $1,126,611,001 | $443,746,613 | 0 | 0 |
| 42 | Hornor, Townsend & Kent, LLC | $124,165,295 | $37,500,000 | 0 | 0 |
| 43 | Commonwealth Equity Services, LLC dba-Commonwealth Financial Network | $1,425,306,063 | $976,195,820 | $69,487,433 | 0 |
| 44 | Parkland Securities, LLC | $63,395,514 | $16,864,055 | 0 | 0 |
| 45 | Spire Investment Partners LLC | $33,458,313 | $23,905,551 | 0 | 0 |
| 46 | Crown Capital Securities L.P. | $50,921,253 | $15,935,800 | $3,593,179 | 0 |
| 47 | Kestra Financial, Inc | $549,198,316 | $303,041,167 | 0 | 0 |
| 48 | Cetera Financial Institutions | $340,713,456 | $48,368,083 | 0 | 0 |
| 49 | PlanMember Securities Corp. | $97,311,000 | $71,573,000 | $5,100,000 | 0 |
| 50 | Principal Securities, Inc. | $316,187,460 | $80,468,487 | $11,382,094 | 0 |
| 51 | Concourse Financial Group Securities, Inc. | $117,123,444 | $39,071,888 | $3,432,969 | 0 |
| 52 | Equity Services Inc. | $53,800,000 | $18,000,000 | 0 | 0 |
| 53 | Trustmont Financial Group Inc. | 0 | 0 | 0 | 0 |
| 54 | Securities America Inc. | $700,700,000 | $299,300,000 | $8,900,000 | 0 |
| 55 | Securities Service Network LLC | $100,445,000 | $35,994,000 | $8,684,000 | 0 |
| 56 | Sigma Financial Corp. | $117,498,872 | $44,609,185 | 0 | 0 |
| 57 | First Allied Securities, Inc. | $239,977,492 | $79,357,654 | 0 | 0 |
| 58 | Cetera Financial Specialists | $157,742,605 | $78,914,305 | 0 | 0 |
| 59 | Raymond James Financial Services Inc. | $2,451,920,931 | 0 | $33,143,000 | 0 |
| 60 | Triad Advisors, LLC | $132,133,009 | $124,065,940 | $7,265,876 | 0 |
| 61 | Kalos Capital Inc. | $32,066,600 | $8,044,031 | 0 | 0 |
| 62 | Fortune Financial Services, Inc. | $19,629,452 | 0 | 0 | 0 |
| 63 | Geneos Wealth Management Inc. | $132,288,399 | $98,751,679 | $1,107,267 | 0 |
| 64 | St. Bernard Financial Services Inc. | 0 | 0 | 0 | 0 |
| 65 | World Capital Brokerage, Inc. | $2,500,000 | 0 | 0 | 0 |
| 66 | Northwestern Mutual | $1,219,479,000 | $786,939,000 | $31,276,869 | 0 |
| 67 | Lincoln Financial Network | $782,425,686 | $217,746,816 | 0 | 0 |
| 68 | Ameriprise Financial Services, LLC | $4,804,002,854 | $2,638,804,784 | 0 | 0 |
| 69 | Park Avenue Securities LLC | $213,712,000 | $87,087,000 | 0 | 0 |
| 70 | Securian Financial Services Inc. | $368,628,320 | $136,120,961 | 0 | 0 |
| 71 | Grove Point Financial, LLC | $116,887,423 | $35,232,244 | $6,646,199 | 0 |
| 72 | Nations Financial Group | — | — | — | — |
| 73 | BCG Securities, Inc. | — | — | — | — |
| 74 | Broker Dealer Financial Services Corp. | — | — | — | — |
| 75 | Cadaret, Grant & Co. Inc. | — | — | — | — |
| 76 | Capital Analysts Inc. | — | — | — | — |
| 77 | Century Securities Associates Inc. | — | — | — | — |
| 78 | Coordinated Capital Securities Inc. | — | — | — | — |
| 79 | Correll Co. Investment Services Corp. | — | — | — | — |
| 80 | Cutter & Company, Inc. | — | — | — | — |
| 81 | GBS Financial Corp. | — | — | — | — |
| 82 | ING Advisor Network Inc. | — | — | — | — |
| 83 | INVEST Financial Corp. | — | — | — | — |
| 84 | Investment Centers of America Inc. | — | — | — | — |
| 85 | National Planning Corporation (NPC) | — | — | — | — |
| 86 | SII Investments Inc. | — | — | — | — |
| 87 | NEXT Financial Group, Inc. | — | — | — | — |
| 88 | Protected Investors of America Inc. | — | — | — | — |
| 89 | Signator Investors Inc. | — | — | — | — |
| 90 | Questar Capital Corp. | — | — | — | — |
| 91 | Wells Fargo Advisors Financial Network | — | — | — | — |
| 92 | WRP Investments Inc. | — | — | — | — |
| 93 | Wunderlich Securities Inc. | — | — | — | — |
| 94 | LifeMark Securities Corp. | — | — | — | — |
| 95 | Bolton Global Capital | — | — | — | — |
| 96 | Hilltop Securities Independent Network Inc. | — | — | — | — |
| 97 | Synergy Investment Group | — | — | — | — |
| 98 | Leonard & Co. | — | — | — | — |
| 99 | MetLife Inc. | — | — | — | — |
| 100 | New England Securities Inc. | — | — | — | — |
| 101 | Tower Square Securities Inc. | — | — | — | — |
| 102 | Walnut Street Securities Inc. | — | — | — | — |
| 103 | Foothill Securities Inc. | — | — | — | — |
| 104 | Quest Capital Strategies Inc. | — | — | — | — |
| 105 | Capital Investment Co. | — | — | — | — |
| 106 | National Securities Corp. | — | — | — | — |
| 107 | vFinance Investments Inc. | — | — | — | — |
| 108 | Wall Street Access | — | — | — | — |
| 109 | Cantella & Co. Inc. | — | — | — | — |
| 110 | TFS Securities Inc. | — | — | — | — |
| 111 | SA Stone | — | — | — | — |
| 112 | Financial Telesis Inc. | — | — | — | — |
| 113 | First Republic Securities Co. | — | — | — | — |
| 114 | Financial Services International Corp. | — | — | — | — |
| 115 | Quincy Cass Associates Inc. | — | — | — | — |
| 116 | D.A. Davidson & Co. | — | — | — | — |
| 117 | Williams Financial Group | — | — | — | — |
| 118 | Finance 500 Inc. | — | — | — | — |
| 119 | Foresters Equity Services Inc. | — | — | — | — |
| 120 | CUNA Brokerage Services Inc. | — | — | — | — |
| 121 | Ausdal Financial Partners | — | — | — | — |
| 122 | SCF Securities Inc. | — | — | — | — |
| 123 | Harbor Financial Services LLC | — | — | — | — |
| 124 | TriCor Financial LLC | — | — | — | — |
| 125 | Calton & Associates Inc. | — | — | — | — |
| 126 | Bernardi Securities Inc. | — | — | — | — |
| 127 | Allstate Financial Services LLC | — | — | — | — |
| 128 | The Strategic Financial Alliance Inc. | — | — | — | — |
| 129 | Infinity Financial Services | — | — | — | — |
| 130 | Schwab Independent Branch Services (Franchise) | — | — | — | — |
| 131 | Edward Jones | — | — | — | — |
| 132 | David A. Noyes & Company | — | — | — | — |
| 133 | Thurston Springer Miller Herd & Titak | — | — | — | — |
| 134 | Alden Investment Group | $1,694,232 | $43,692 | — | — |
| 135 | Vanderbilt Financial Group | — | — | — | — |
| 136 | Advisor Group | — | — | — | — |
| 137 | Atria Wealth Solutions | — | — | — | — |
| 138 | CoastalOne | — | — | — | — |
